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May 9th, Second Pancake Midday Strategy Announcement
The midday Second Pancake is trading around 2314, with a slight rebound after an intraday dip, generally fluctuating within the narrow range of 2268-2324, as bulls and bears enter a short-term tug-of-war repair phase.
The 15-minute MACD has formed a death cross with a green histogram, indicating diminishing short-term upward momentum, representing a sideways consolidation after a decline, with no clear trend, so the midday approach is mainly range-bound.
Trading suggestion: Short positions can be arranged around the rebound near 2325-2330, targeting 2300-2270.
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